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Korea - Inflation Rate 1989

Name: Korea Inflation Rate 1989
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Consumer price inflation, annual % · World Bank

5.70% −1.45pp from 1988 Global rank: 60th

Korea's inflation rate was 5.70% in 1989, decreased +1.45pp from 7.15% in 1988. This was the 60th highest globally.

Global Ranking - 1989▾

Inflation Rate by Country - 1989
Rank	Country	Value	YoY
1st	Zimbabwe	-3.85%	-264.0%
2nd	Chad	-3.69%	-124.8%
3rd	Niger	-2.84%	-575.5%
4th	Congo, Republic of	-1.80%	86.2%
5th	Cameroon	-1.67%	-197.7%
6th	Togo	-0.84%	-455.9%
7th	Burkina Faso	-0.48%	-111.5%
8th	Benin	-0.20%	-105.9%
9th	Mali	-0.08%	-100.9%
10th	Panama	0.21%	-42.7%
11th	Senegal	0.45%	124.5%
12th	Central African Republic	0.69%	117.5%
13th	Suriname	0.77%	-89.5%
14th	Malta	0.85%	-10.4%
15th	Romania	0.90%	-65.4%
16th	Rwanda	1.01%	-65.3%
17th	Saudi Arabia	1.03%	395.0%
18th	Côte d'Ivoire	1.05%	-84.9%
19th	Netherlands	1.08%	116.4%
20th	Brunei Darussalam	1.30%	9.3%
21st	Bahrain	1.49%	642.9%
22nd	Libya	1.51%	-51.7%
23rd	Oman	1.56%	-1.6%
24th	Seychelles	1.58%	230.6%
25th	Angola	1.83%	0.0%
26th	Belize	2.13%	-60.0%
27th	Japan	2.27%	247.4%
28th	Singapore	2.35%	54.0%
29th	Austria	2.57%	37.5%
30th	Germany	2.78%	118.3%
31st	United Arab Emirates	2.79%	-44.1%
32nd	Malaysia	2.81%	870.1%
33rd	Puerto Rico (US)	2.83%	9.9%
34th	St. Vincent and the Grenadines	2.83%	851.0%
35th	Belgium	3.11%	167.4%
36th	Switzerland	3.16%	68.6%
37th	Morocco	3.26%	37.6%
38th	Qatar	3.30%	-31.6%
39th	Kuwait	3.34%	127.6%
40th	Luxembourg	3.37%	140.8%
41st	France	3.50%	29.5%
42nd	Cyprus	3.77%	9.7%
43rd	Aruba	3.99%	27.9%
44th	Tonga	4.07%	-60.5%
45th	Ireland	4.09%	88.8%
46th	Antigua and Barbuda	4.36%	-35.9%
47th	St. Lucia	4.37%	427.5%
48th	Comoros	4.44%	1,431.0%
49th	Papua New Guinea	4.48%	-17.7%
50th	Norway	4.55%	-31.9%
51st	Cabo Verde	4.56%	26.0%
52nd	Denmark	4.77%	5.5%
53rd	United States	4.83%	17.7%
54th	Canada	4.98%	23.6%
55th	St. Kitts and Nevis	5.17%	2,147.8%
56th	Thailand	5.36%	42.5%
57th	Bahamas, The	5.39%	33.0%
58th	Grenada	5.59%	39.8%
59th	Kiribati	5.61%	394.2%
60th	Korea	5.70%	-20.2%
61st	New Zealand	5.72%	-10.0%
62nd	United Kingdom	5.76%	24.9%
63rd	Bangladesh	6.05%	-40.9%
64th	Equatorial Guinea	6.17%	144.3%
65th	Fiji	6.19%	-47.4%
66th	Barbados	6.19%	31.2%
67th	Dominica	6.22%	176.1%
68th	Italy	6.26%	23.0%
69th	European Union	6.26%	38.0%
70th	Bulgaria	6.39%	155.6%
71st	Indonesia	6.42%	-20.5%
72nd	Sweden	6.44%	11.1%
73rd	Samoa	6.46%	102.5%
74th	Finland	6.59%	28.4%
75th	Gabon	6.74%	168.8%
76th	Spain	6.79%	40.4%
77th	Haiti	6.92%	68.7%
78th	India	7.07%	-1.9%
79th	Maldives	7.17%	10.5%
80th	Australia	7.53%	3.6%
81st	Eswatini	7.55%	-63.0%
82nd	Tunisia	7.74%	8.2%
83rd	Vanuatu	7.75%	-11.6%
84th	Pakistan	7.84%	-11.2%
85th	Gambia, The	8.28%	-28.3%
86th	Macao SAR, China	8.77%	-
87th	Bhutan	8.78%	7.3%
88th	Nepal	8.85%	-19.7%
89th	Madagascar	9.01%	-65.8%
90th	Algeria	9.30%	56.7%
91st	Honduras	9.85%	119.3%
92nd	Hong Kong SAR, China	10.18%	30.0%
93rd	Guatemala	11.39%	10.6%
94th	Syrian Arab Republic	11.40%	-62.0%
95th	Trinidad and Tobago	11.43%	47.4%
96th	Sri Lanka	11.57%	-17.3%
97th	Botswana	11.58%	37.8%
98th	Burundi	11.66%	154.8%
99th	Philippines	12.24%	0.1%
100th	Malawi	12.45%	-63.2%
101st	Mauritius	12.67%	251.9%
102nd	Portugal	12.69%	32.4%
103rd	Mauritania	12.93%	880.0%
104th	Greece	13.66%	1.0%
105th	Kenya	13.79%	12.4%
106th	Jamaica	14.33%	74.8%
107th	Lesotho	14.73%	18.8%
108th	South Africa	14.73%	16.7%
109th	Solomon Islands	14.93%	-11.2%
110th	Bolivia, Plurinational State of	15.17%	-5.2%
111th	Costa Rica	16.51%	-20.8%
112th	Chile	17.03%	16.0%
113th	Hungary	17.15%	8.6%
114th	El Salvador	17.63%	-10.8%
115th	China	18.25%	-2.9%
116th	Mexico	20.01%	-82.4%
117th	Israel	20.32%	25.2%
118th	Iceland	20.76%	-18.5%
119th	Egypt, Arab Republic of	21.26%	40.0%
120th	Iran, Islamic Republic of	22.35%	-22.7%
121st	Ghana	25.22%	-19.6%
122nd	Jordan	25.71%	283.5%
123rd	Tanzania	25.85%	-17.1%
124th	Colombia	25.87%	-7.9%
125th	Paraguay	26.42%	16.9%
126th	Myanmar	27.20%	69.5%
127th	Guinea	28.26%	3.5%
128th	Dominican Republic	40.66%	-7.3%
129th	Mozambique	42.08%	-28.1%
130th	São Tomé and Principe	42.89%	-3.1%
131st	Nigeria	50.47%	-7.4%
132nd	Sierra Leone	60.80%	77.3%
133rd	Lao PDR	61.33%	314.4%
134th	Türkiye	63.27%	-14.1%
135th	Cambodia	63.80%	177.4%
136th	Sudan	66.72%	6.1%
137th	Lebanon	72.20%	-53.4%
138th	Ecuador	75.65%	29.9%
139th	Uruguay	80.45%	29.4%
140th	Guinea-Bissau	80.79%	34.0%
141st	Guyana	89.50%	124.3%
142nd	Viet Nam	95.77%	-74.4%
143rd	Congo, Democratic Republic of	104.07%	25.8%
144th	Zambia	123.40%	169.3%
145th	Uganda	130.80%	-21.5%
146th	Poland	244.55%	306.2%
147th	Slovenia	1,281.44%	544.7%
148th	Croatia	1,400.00%	653.8%
149th	Brazil	1,430.72%	127.4%
150th	Peru	3,398.68%	409.6%
151st	Nicaragua	7,428.70%	55.6%

FAQ

What was Korea's inflation rate in 1989?▾

Korea's inflation rate in 1989 was 5.70%. This ranked 60th globally.

How did Korea's inflation rate change in 1989?▾

Korea's inflation rate decreased by 20.2% in 1989 compared to 1988.

Which country had the highest inflation rate in 1989?▾

Nicaragua had the highest inflation rate in 1989 at 7,428.70%.

What is the inflation rate of Korea in 1989?▾

The inflation rate of Korea in 1989 was 5.70%. This ranked 60th globally.

How does 1989 compare to 1988 for Korea's inflation rate?▾

Korea's inflation rate went from 7.15% in 1988 to 5.70% in 1989, a 20.2% decrease.

HistorySaid - pattern alert

Korea matched the Export Boom Cycle pattern in 1989. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: 10.9%. View full analysis →

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